the midwit bellcurve meme is actually true for crypto lmao

Harold O'brien

Harold O'brien

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“With regard to financial literacy, respondents who scored either at the top level or the bottom level in terms of financial literacy scores were highly likely to hold crypto-assets.”

IQ Bell Curve / Midwit | Know Your Meme
 
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what crypto should i buy now and what app
 
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This type of thinking actively hurts innovation.
legit the opposite

what motivation does anyone have to do anything if it just gets mindlessly copied
 
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legit the opposite

what motivation does anyone have to do anything if it just gets mindlessly copied
Throwing money at problem isn't very entrepreneurial.
 
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wait until you find out the high IQ respondents were likely already rich before investing in crypto
 
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harold's portfolio is below 500 euro
 
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Throwing money at problem isn't very entrepreneurial.
?

elaborate. you're throwing around big concepts but not really making any points
 
wait until you find out the high IQ respondents were likely already rich before investing in crypto
seems unlikely considering the ridiculous returns in the crypto market

but in any case do you not want to be doing what the rich people are doing?
 
seems unlikely considering the ridiculous returns in the crypto market

but in any case do you not want to be doing what the rich people are doing?
rich people can afford to invest in whatever because they're already rich while broke dummies put 300 bucks into some bullshit crypto scam thinking they're gonna become one of them. that's not really the same.
 
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rich people can afford to invest in whatever because they're already rich while broke dummies put 300 bucks into some bullshit crypto scam thinking they're gonna become one of them. that's not really the same.
rich people just throw their money in the trash theory. caging at this dishonest argument
 
rich people just throw their money in the trash theory. caging at this dishonest argument
I mean if you're rich then you can actually take risks and afford to lose money as opposed to some broke redditor putting half his savings into the next shitcoin
 
I mean if you're rich then you can actually take risks and afford to lose money as opposed to some broke redditor putting half his savings into the next shitcoin
massive cope. being less risk-averse is what gets you rich in the first place.
 
?

elaborate. you're throwing around big concepts but not really making any points
When a space or a niche is pay to win it incentivises people with lots of money and a lack of creativity to dominate that niche by pushing out people with less money but high innovative ability out. This hurts the niche in the long term because niches require new innovations to keep on going.
what motivation does anyone have to do anything if it just gets mindlessly copied
You're going to beat them if you don't mindlessly copy shit by thinking for yourself and finding ways of doing things better than your competition.
 
When a space or a niche is pay to win it incentivises people with lots of money and a lack of creativity to dominate that niche by pushing out people with less money but high innovative ability out. This hurts the niche in the long term because niches require new innovations to keep on going.

You're going to beat them if you don't mindlessly copy shit by thinking for yourself and finding ways of doing things better than your competition.
it's not pay to win. it's resources flowing from the mindless copier to the smart innnovator. sounds like a win-win for everyone
 

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